JAMB and WAEC Accounts (Principles of Accounts) questions

609 questions with answers and explanations. Tap an option to check yourself.

All JAMB WAEC

Question 601· The trial balance and errors· JAMB
A sale of ₦9,000 to Ola was entered as ₦900 in both Ola's account and the sales account. This is
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Answer: C. an error of original entry
Explanation and discussion
Question 602· The trial balance and errors· WAEC
When a trial balance does not agree, the difference is placed temporarily in a
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Answer: A. suspense account
Explanation and discussion
Question 603· The trial balance and errors· JAMB
The wages account and the sales account were each overcast by ₦1,000. This is
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Answer: A. a compensating error
Explanation and discussion
Question 604· The trial balance and errors· WAEC
A trial balance is prepared to
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Answer: B. check the arithmetical accuracy of the ledger
Explanation and discussion
Question 605· The trial balance and errors· WAEC
Recording a credit sale of ₦5,400 as ₦4,500 in the sales journal is an error of
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Answer: B. original entry
Explanation and discussion
Question 606· The trial balance and errors· JAMB
Posting a payment made to Musa into Moses's account is an error of
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Answer: B. commission
Explanation and discussion
Question 607· The trial balance and errors· WAEC
Purchase of a typewriter debited to purchases account is an error of
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Answer: B. principle
Explanation and discussion
Question 608· The trial balance and errors· WAEC
A trial balance has debit totals of ₦98,000 and credit totals of ₦100,000. The suspense account will show
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Answer: D. a debit balance of ₦2,000
Explanation and discussion
Question 609· The trial balance and errors· WAEC
Sales of ₦8,000 were entered as ₦800 in both the sales day book and the debtor's account. This is
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Answer: D. an error of original entry
Explanation and discussion

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JAMB and WAEC Accounts (Principles of Accounts) questions

A sale of ₦9,000 to Ola was entered as ₦900 in both Ola's account and the sales account. This is

When a trial balance does not agree, the difference is placed temporarily in a

The wages account and the sales account were each overcast by ₦1,000. This is

A trial balance is prepared to

Recording a credit sale of ₦5,400 as ₦4,500 in the sales journal is an error of

Posting a payment made to Musa into Moses's account is an error of

Purchase of a typewriter debited to purchases account is an error of

A trial balance has debit totals of ₦98,000 and credit totals of ₦100,000. The suspense account will show

Sales of ₦8,000 were entered as ₦800 in both the sales day book and the debtor's account. This is